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Philippines GDP Growth Forecast Dips Below 6% for 2024

1/20/2025

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Summary

Story summary

In the Philippines, Finance Secretary Ralph Recto warns that economic growth for 2024 could dip below the Marcos administration's target, impacted by late-season typhoons. The GDP is projected to fall under 6 percent, missing the 6 to 6.5 percent goal, while the government sets its sights on a more ambitious 6 to 8 percent growth for 2025.

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Story summary

In the Philippines, Finance Secretary Ralph Recto warns that economic growth for 2024 could dip below the Marcos administration's target, impacted by late-season typhoons. The GDP is projected to fall under 6 percent, missing the 6 to 6.5 percent goal, while the government sets its sights on a more ambitious 6 to 8 percent growth for 2025.